Cra international, inc. (CRAI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Nov'10Nov'09
OPERATING ACTIVITIES:
Net income

20,747

22,472

7,701

7,701

14,233

6,325

13,407

11,235

-52,843

16,945

1,960

5,691

Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization

10,606

9,942

8,859

8,859

7,875

6,542

6,438

6,460

5,841

5,103

5,710

7,830

Loss on disposal of property and equipment

-42

-54

-71

-71

-2

-16

-28

-16

-1,444

-146

-266

-894

GNU goodwill impairment

-

-

-

-

-

4,524

-

-

71,394

0

0

-

Impairment of intangible assets

-

-

530

530

-

0

-

-

-

-

-

-

GNU gain on sale of business assets and subsequent liquidation

-

258

250

250

3,836

-

-

-

-

-

-

-

Facility related liabilities

117

3,596

3,171

3,171

3,260

6,768

-

-

-

-

-

-

Right-of-use asset amortization

10,662

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-220

1,903

4,475

1,956

536

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-2,101

Deferred income taxes

-1,159

-829

1,651

1,651

8,399

-1,710

-1,431

3,924

-9,882

-8,739

3,294

6,378

Share-based compensation expenses

3,461

4,819

6,616

6,616

6,867

5,791

5,619

3,035

4,947

5,769

6,572

6,824

Excess tax benefits from share-based compensation

-

-

-

-

393

128

392

7

81

49

53

-

GNU gain on extinguishment of debt

-

-

-

-

-

606

-

-

-

-

-669

-134

Accounts receivable allowances

47

-1,410

3,065

1,739

535

-480

-2,996

-

-

-

-

-

Accounts receivable allowances

-

-

-

-

-

-

-

-2,186

2,814

-546

232

-

Noncash interest from discount on convertible debentures

-

-

-

-

-

-

-

-

-

229

-

-

Changes in operating assets and liabilities:
Noncash interest from discount on convertible debentures

-

-

-

-

-

-

-

-

-

-

1,177

1,457

Foreign currency exchange loss

-

-

-

-

-

-

-

-

-

-

-

390

Accounts receivable

12,759

14,427

14,358

13,032

8,670

3,438

-1,929

-9,917

-10,271

11,999

324

-10,270

Unbilled services, net

352

2,987

-

7,640

-

-

-

-

-

-

-

-

Unbilled services

-

-

7,640

-

219

772

738

2,997

4,674

-12,640

7,102

-7,738

Prepaid expenses and other current assets, and other assets

2,120

-5,502

-6,067

-6,067

6,439

2,126

4,465

-

-

-

-

-

Prepaid expenses and other current asset, and other assets

-

-

-

-

-

-

-

-2,039

19,870

47

-

-

Forgivable loans

16,331

12,277

-5,641

-5,641

-10,225

-233

-4,379

22,199

-

-

-

-

Incentive cash awards

4,839

3,206

-

1,319

-

-

-

-

-

-

-

-

Incentive cash awards

-

-

1,319

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-7,266

4,705

Accounts payable, accrued expenses, and other liabilities

16,194

18,786

23,415

23,415

16,324

-515

8,152

11,114

-13,411

12,535

-5,510

-23,274

Lease liabilities

-6,162

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-

-

-

30,150

18,448

-8,525

30,031

13,621

21,728

Net cash provided by operating activities

27,832

36,189

45,858

45,858

48,163

20,424

-

-

-

-

-

-

INVESTING ACTIVITIES:
Cash consideration paid for acquisitions

-

-

16,163

16,163

-

-

1,784

15,591

-

844

-9,999

15,682

Purchases of property and equipment

16,693

15,447

9,757

9,757

13,023

17,975

4,192

2,816

2,732

8,246

4,144

2,231

GNU cash proceeds from sale of business assets

-

-

250

250

1,100

-

-

-

-

-

-

-

Purchase of investments

-

-

-

-

-

-

-

-

9,494

61,049

59,992

23,326

Sale of investments

-

-

-

-

-

-

-

-

23,989

46,554

77,579

-

Collections on notes receivable

-

-

-

-

-

1,557

114

14

989

64

89

89

Payments on notes receivable

-

-

-

-

-

78

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-5,862

-18,393

12,752

-23,521

23,531

-41,150

Net cash used in investing activities

-16,693

-15,447

-25,670

-25,670

-11,923

-16,496

-

-

-

-

-

-

FINANCING ACTIVITIES:
Issuance of common stock, principally stock options exercises

3,211

2,166

6,420

6,420

2,853

602

469

207

647

620

1,010

113

Borrowings under revolving line of credit

54,000

30,161

11,500

11,500

7,500

4,000

-

17,320

-

0

-

-

Payments under line of credit

54,000

30,161

11,500

11,500

7,500

4,000

-

17,320

-

0

-

-

Payments on notes payable

-

-

-

-

75

300

26

700

650

334

550

489

Extinguishment of convertible debentures

-

-

-

-

-

-

-

-

-

21,880

40,401

-

Payments of debt issuance costs

-

-

-

-

-

-

-

1,120

-

0

-

-

Extinguishment of convertible debentures

-

-

-

-

-

-

-

-

-

-

-

-16,501

Tax withholding payments reimbursed by shares

2,176

3,946

3,262

3,262

1,880

668

1,222

730

1,360

1,146

1,072

757

Cash paid on dividend equivalents

246

256

-

121

-

-

-

-

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

393

128

392

7

81

49

53

-

Cash dividends paid to shareholders

6,539

5,784

121

4,941

-

-

-

-

-

-

-

-

Cash dividends paid to shareholders

-

-

4,941

-

1,166

-

-

-

-

-

-

-

Repurchases of common stock

18,068

27,884

19,528

19,528

19,315

12,806

25,492

2,190

9,062

9,054

4,473

93

Distribution to noncontrolling interest

-

43

419

419

-

-

-

-

-

33

450

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-25,879

-4,526

-10,344

-31,778

-45,883

-17,727

Effect of foreign exchange rates on cash and cash equivalents

-

-

-

-

-

-

-1,461

271

-19

-650

143

642

Net cash provided by financing activities

-23,818

-35,747

-21,851

-21,851

-19,190

-13,044

-

-

-

-

-

-

Effect of foreign exchange rates on cash and cash equivalents

290

-1,002

2,168

2,168

-1,659

-944

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-12,389

-16,007

505

505

15,391

-10,060

-3,052

-4,200

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-6,136

-25,918

-8,588

-36,507

Noncash investing and financing activities:
Issuance of common stock for acquired business

-

-

3,044

3,044

44

42

427

-

-

-

-

-

Repurchases of common stock payable

-

-

-

-

-

-

-

-

-

-

422

-

Purchases of property and equipment not yet paid for

4,914

303

3,514

3,514

118

1,593

23

-

-

-

-

-

Purchases of property and equipment paid by a third party

156

133

1,640

1,640

92

2,785

-

-

-

-

-

-

Asset retirement obligations

428

223

120

120

844

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for lease obligations

57,827

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets related to the adoption of ASC 842

82,329

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities related to the adoption of ASC 842

106,765

-

-

-

-

-

-

-

-

-

-

-

Supplemental cash flow information:
Repurchase of shares in exchange for notes receivable by Neuco, Inc.

-

-

-

-

-

-

-

-

-

-

-

280

Notes payable issued for acquired businesses

-

-

-

-

-

-

-

-

-

-

-

834

Cash paid for taxes

7,590

4,813

7,424

7,424

6,184

9,688

15,580

2,887

8,718

18,744

915

1,939

Cash paid for interest

1,157

509

314

314

405

240

-

-

-

-

-

-

Cash paid for amounts included in operating lease liabilities

-14,620

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

443

339

223

558

2,298

2,577

Securities received from a customer for settlement of receivable

-

-

-

-

-

192

-

-

-

-

-

-